George Soros

George Soros was born in 1930 and began his financial career at Singer and Friedlander in London after escaping Nazi-occupied Hungary during World War II.1 He worked at a series of financial firms until he established Soros Fund Management in 1970.2 The firm has reportedly gone on to generate more than $40 billion in profits in the last five decades.

He rose to international fame in 1992 as the trader who broke the Bank of England, netting a profit of $1 billion after short-selling a reported $10 billion in British pound sterling (GBP).3 On Sept. 16, 1992, the U.K. withdrew the currency from the European Exchange Rate Mechanism after failing to maintain the required trading band due to Soros’ trade, solidifying a day known as Black Wednesday in history.4

This incredible trade is a highlight of his career and cemented his title of one of the top traders of all time. Soros is currently one of the 200 wealthiest individuals in the world.

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